Volume 68 | Issue 12 | Year 2022 | Article Id. IJMTT-V68I12P507 | DOI : https://doi.org/10.14445/22315373/IJMTT-V68I12P507
Received | Revised | Accepted | Published |
---|---|---|---|
23 Oct 2022 | 29 Nov 2022 | 12 Dec 2022 | 31 Dec 2022 |
An EPQ version for deteriorating gadgets with promoting fee and credit score length touchy call for is advanced. This fashions address merchandise that have a hard and fast expiry date and then the product cannot be sold. Permissible put off is permitted to pay clients dues. The shortages are allowed and partly backlogged. In this version, we've got taken into consideration variable manufacturing price. Moreover, the call for for the gadgets is thought as probabilistic. Finally, the version is illustrated with numerical example. Sensitivity evaluation additionally studied with the exalternate of parameters.
[1] Chao-Ton Su, and Chang-Wang Lin, “A Production Inventory Model which Considers the Dependence of Production Rate on Demand and Inventory Level,” Production Planning & Control, vol. 12, no. 1, pp. 69-75, 2001. Crossref, https://doi.org/10.1080/09537280150203997
[2] G.P. Samanta, and Ajanta Roy, “A Production Inventory Model with Deteriorating Items and Shortages,” Yugoslav Journal of Operations Research, vol. 14, no. 2, pp. 219-230, 2004. Crossref, https://doi.org/10.2298/YJOR0402219S
[3] Liang-Ho Chen, Liang-Yuh Ouyang, and Jinn-Tsair Teng, “On an EOQ Model with Ramp Type Demand Rate and Time Dependent Deterioration Rate,” International Journal of Information and Management Sciences, vol. 17, no. 4, pp. 51-66, 2006.
[4] Kuo-Lung Hou, “An Inventory Model for Deteriorating Items with Stock-Dependent Consumption Rate and Shortages under Inflation and Time Discounting,” European Journal of Operational Research, vol. 168, no. 2, pp. 463-474, 2006. Crossref, https://doi.org/10.1016/j.ejor.2004.05.011
[5] Ping-HuiHsu, Hui Ming Wee, and Hui-Ming Teng, “Optimal Ordering Decision for Deteriorating Items with Expiration Date and Uncertain Lead Time,” Computers and Industrial Engineering, vol. 52, pp. 448-458, 2007. Crossref, https://doi.org/10.1016/j.cie.2007.02.002
[6] Yong He, Shou-Yang Wang, and K.K.Lai, “An Optimal Production-Inventory Model for Deteriorating Items with Multiple-Market Demand,” European Journal of Operational Research, vol. 203, no. 3, pp. 593-600, 2010. Crossref, https://doi.org/10.1016/j.ejor.2009.09.003
[7] Soumendra Kumar Patra, “An Order Level Inventory Model for Deteriorating Items with Partial Backlog and Partial Lost Sales,” International Journal of Advanced Operations Management, vol. 2, no. 3/4, pp. 185-200, 2010. Crossref, https://doi.org/10.1504/IJAOM.2010.038337
[8] Jhuma Bhowmick, and G. P. Samanta, “A Deterministic Inventory Model of Deteriorating Items with Two Rates of Production, Shortages, and Variable Production Cycle,” International Scholarly Research Notices, vol. 2011, 2011. Crossref, https://doi.org/10.5402/2011/657464
[9] Jie Min et al., “An EPQ Model for Deteriorating Items with Inventory-Level-Dependent Demand and Permissible Delay in Payments,” International Journal of Systems Science, vol. 43, pp. 1039-1053, 2012. Crossref, https://doi.org/10.1080/00207721.2012.659685
[10] Joaquín Sicilia et al., “An Inventory Model for Deteriorating Items with Shortages and Time Varying Demand,” International Journal of Production Economics, vol. 155, pp. 155-162, 2014. Crossref, https://doi.org/10.1016/j.ijpe.2014.01.024
[11] Shilpy Tayal, S. R. Singh, and Rajendra Sharma, “A Multi Item Inventory Model for Deteriorating Items with Expiration Date and Allowable Shortages,” Indian Journal of Science and Technology, vol. 7, no. 4, pp. 463-471, 2014. Crossref, https://doi.org/10.17485/ijst/2014/v7i4.17
[12] Jiang Wu et al., “Optimal Credit Period and Lot Size for Deteriorating Items with Expiration Dates Under Two Level Trade Credit Financing,” European Journal of Operational Research, vol. 237, no. 1, pp. 898-908, 2014.
[13] Yousef Ghiami, and Terry Williams, “A Two-Echelon Production-Inventory Model for Deteriorating Items with Multiple Buyers,” International Journal of Production Economics, vol. 159, pp. 233-240, 2015.
[14] Krishna Prasad, and Bani Mukherjee, “Optimal Inventory Model Under Stock and Time Dependent Demand for Time Varying Deterioration Rate with Shortages,” Annals of Operations Research, vol. 243, no. 323-334, 2016. Crossref, https://doi.org/10.1007/s10479-014-1759-
[15] Manna Prasenjit, Manna Swapan Kumar, and Giri Bibhas Chandra, “An Economic Order Quantity Model with Ramp Type Demand Rate, Constant Deterioration Rate and Unit Production Cost,” Yugoslav Journal of Operations Research, vol. 26, no. 3, pp. 305-316, 2016. Crossref, https://doi.org/10.2298/YJOR140505020M
[16] M. Palanivel, and R. Uthayakumar, “A Production-Inventory Model with Promotional Effort, Variable Production Cost and Probabilistic Deterioration,” International Journal of System Assurance Engineering and Management, vol. 8, pp. 290-300, 2017. Crossref, https://doi.org/10.1007/s13198-015-0345-7
[17] Sujata Saha, “Fuzzy Inventory Model for Deteriorating Items in a Supply Chain System with Price Dependent Demand and Without Backorder,” American Journal of Engineering Research, vol. 6, no. 6, pp. 183–187, 2017.
[18] Sujata Saha, and Tripti Chakrabarti, “A Supply Chain Inventory Model for Deteriorating Items with Price Dependent Demand and Shortage under Fuzzy Environment,” IOSR Journal of Engineering, vol. 7, no. 9, pp. 22–26, 2017.
[19] Dhir Singh, and Naresh Kumar, “Optimal Ordering and Replenishment Policies for Deteriorating Items Having a Fixed Expiry Date with Price and Credit Period Sensitive Demand Under Trade Credit,” Journal of Ultra Scientist of Physical Sciences, vol. 30, no. 1, pp. 8-19, 2018. Crossref, http://dx.doi.org/10.22147/jusps-A/300102
[20] Chun-TaoChang et al., “Manufacturer’s Pricing and Lot-Sizing a Decisions for Perishable Goods under Various Payment Terms by a Discounted Cash Flow Analysis,” International Journal of Production Economics, vol. 218, pp. 83-95, 2019. Crossref, https://doi.org/10.1016/j.ijpe.2019.04.039
[21] Md. Al-Amin Khan et al., “The Effect of Advance Payment with the Discount Facility on Supply Decisions of Deteriorating Products Whose Demand is Both Price and Stock Dependent,” International Transactions in Operational Research, vol. 27, no. 3, pp. 1343- 1367, 2020. Crossref, https://doi.org/10.1111/itor.12733
[22] Md. Al-Amin Khan et al., “Inventory System with an Expiration Date: Pricing and Replenishment Decisions,” Computers and Industrial Engineering, vol. 132, pp. 232-247, 2019. Crossref, https://doi.org/10.1016/j.cie.2019.04.002
Sachin Kumar Rana, Amit Kumar, Rahul Kumar, "An EPQ Model for Deteriorating Items having a Fixed Expiry Date with Price and Credit Period Probability Demand under Trade Credit," International Journal of Mathematics Trends and Technology (IJMTT), vol. 68, no. 12, pp. 53-60, 2022. Crossref, https://doi.org/10.14445/22315373/IJMTT-V68I12P507